dmen626

dmen626

For whatever it's worth, Matic broke out of the the downtrend that has been crushing them since August 2020.

dmen626 Updated 

It appears Nano has broken out of a year long downtrend. Given the current market conditions, this could be a good entry for a medium to long term trade! Potential 200% trade!

dmen626

With ETH having problems with scaling, gas fees and ETH 2.0 delays, layer 2 solutions might become the next hot thing in crypto! DeFi has put a lot of stress on the ETH network, and layer 2 solutions might alleviate some of these pain points. MATIC is a layer 2 solution backed by Binance and Coinbase, and has the potential to be a Coinbase listing. On the...

dmen626 Updated 

Since the Black Thursday event in March EOS has been in the $2.25 - $2.85 range, coiling up for an impulsive move. We just broke the resistance of $2.85, the next area of confluence looks to be around $3.50. On the daily chart, EOS is looking to swing up to the May 2019 downtrend. It can be possible EOS can break the downtrend, but I’m just looking to get up to...

dmen626 Updated 

FXC has been in a uptrend since March, making consistent higher lows. This uptrend can be used as a support, similar to other uptrend supports in REN and LINK. 26 sats has been a key support, if the price goes lower than this, the uptrend will be invalidated. 36/37 is a recent resistance flipped to support, let’s see if it can hold. Targets are 46 then ...

dmen626 Updated 

$ATOM had a nice breakout recently and looks like it’s forming a bull flag! Could ATOM be the next multiple X gainer like LINK, REN and RLC?

dmen626 Updated 

Litecoin has been in a downtrend for a long time, and it doesn't look like it is going to improve any time soon. Remember, there are always other opportunities... and this one might not be it. Let's catch some knives!!!!!

dmen626 Updated 

If XTZ continues following its current cycle low and cycle high pattern, we can anticipate for the price to continue downwards. XTZ file to make a higher high, and was rejected by the downtrend line. If price reaches between .0002571, it would be an ideal for an entry. For now, I would stay out of XTZ, there are better opportunities out there. XTZ will have...

dmen626 Updated 

Hedera Hashgraph, what can I say… This coin has had a lot of hype that is warranted. Back in February Google Cloud announced it was working with Hedara Hashgraph on Distributed Ledger Technology. The announcement of that news shot the price up 300%! Many months and alt cycles later, HBAR has not had the gains many of the other alts had recently, posting just...

dmen626 Updated 

XMR-BTC is looking quite bullish! On the weekly, we broke a downtrend that formed in April 2019. We are also at a recent resistance turned support around .007650. Along with the other majors, XMR has not had a chance to make the explosive movements as other alts did during this alt cycle. XMR has a 90% potential with targets at .009475 and .014800. Let’s go Monero!

dmen626 Updated 

We may have broken a downtrend that has been holding up as resistance since May 2019. It can be very possible XRP bottomed out in late June and is up about 25% since then. Historically, XRP has been known to run hard in short amounts of time. We are also in an alt cycle that is being led by ETH and all the majors are following! Is it time for the majors to...

dmen626 Updated 

Bitcoin was in a downtrend since early June, and has managed to break the downtrend on 7/21. Since then Bitcoin has had consectuive green days. We have also painted a higher high from $9475 (7/8) to $9690 (7/23). The next battle is $9700, but with the momentum it feels like the bulls will take it. The real test will be once we reach the sell zone above...

dmen626 Updated 

Here is a potential short, but has a lot of variables for it to work out. Since we are playing with leverage, I suggest using a small amount of capital and not using more than 5x-10x. The chart is showing a double top at the $1.158 area. For this short to work out we need BTC to have a correction from $10,000. If BTC decided to correct, we can expect for the...

dmen626 Updated 

$BNB has been in a downtrend since February and recently broke it. We are now retesting the downtrend line, this is a nice area for an entry. If we can get a nice bounce off of the downtrend line, we can expect a nice uptrend similar to RLC. If we continue to the downside and below .0018000 , the breakout will be invalidated. Targets are .00230750 and .00262000.